Wilmar International
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- Apr 16, 202590% CONFIDENCEfrom the source
AWL Agri Business Completes 80% Purchase of Tops Maker GD Foods
- AWL Agri Business, formerly Adani Wilmar, completed the first tranche on 16 April 2025, buying 80% of G.D. Foods Manufacturing (India) and making it a subsidiary[1]
- The tranche was priced on an agreed enterprise value of Rs 603 crore; later tranches follow a pre-set formula[3]
- The remaining 20% is to be acquired by FY 2028-29 under the share purchase agreement signed on 4 March 2025[1]
- Closing came about six weeks after signing, inside the 60 days the company had expected[2]
References 389% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%nsearchives.nseindia.com/corporate/AWL_16042025164546_SE_Anounce_GD.pdfnsearchives.nseindia.com· Posted Sep 24, 2026· Starts Apr 16, 2025 ✓· 82% of score
'The Company has today, i.e. on April 16, 2025, acquired 80% of the issued and paid up equity share capital of the Target Company'; filed on NSE at 16:45 IST.
- [2]85%Adani Wilmar to acquire GD Foods, owner of the Tops brand (press release)awl.in· Published Mar 4, 2025· 9% of score
The March announcement: first tranche of 80% expected to close in 60 days, funded from internal accruals or IPO proceeds.[1]
- [3]85%Adani Wilmar: Regulation 30 disclosure on the acquisition of G.D. Foodsnsearchives.nseindia.com· Published Mar 4, 2025· 9% of score
Enterprise value of INR 603 crore for the first 80% tranche; later tranches priced by a pre-set formula.[1]
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